The subject of foreclosure is one that I know too well. I am currently trying to get my house out of foreclosure. It is not that I have not been in contact with Countrywide (now Bank of America), I have been in contact with them since July of 2008. I even signed a Modification Agreement in March of 2009. I thought that everything was okay. I sent all the paperwork in, signed and notarized, along with all of the financial information I was required to include with the Modification paperwork. I even called a few times to verify that everything was received. I was always told that is was in review. That I needed to make three good grace payments before it would be completed.
However, in June of 2008 when I called Bank of America, I was told that the Modification that I signed and had been paying on was denied. Their reason, they did not receive the documents. My step sister and I spent two hours on the phone with Bank of America representatives trying to resolve the issue. When they were told that I had the FedEx receipt showing that the documents were received, they asked us to fax everything. The phone call ended with a gentleman telling us that the issue would be resolved and I would get a phone call the next day verifying everything was resolved. I did not receive a call. I called when I did not hear back from anyone and was told that it was in review. I received another FedEx envelope with new Modification paperwork from Bank of America in July of 2009. This time I called Idaho’s Attorney General’s office. I was placed in contact with Troy Forest through the Attorney General’s office. I was told that they would investigate the situation and instructed to continue making...
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... for not keeping the home safe. Fines for not maintaining the safety of the homes should go to a fund to keep neighborhoods safe.
In conclusion, to solve the foreclosure crisis we need to find out where the problems really lie. Everybody involved in the foreclosure process should be involved in solving the problem. Town Hall meetings are a good start at finding a common denominator in the problem. Also, banks that make solving the foreclosure process difficult should hold some accountability for the problem. Fines should be handed to the banks for not working with the homeowners or attorneys. Plus fines should be given to the banks for lack of organization
OPB News; Sen. Merkley Hears Foreclosure Complaints; http://news.opb.org/article/4300-merkley-hears-foreclosure-complaints/ Date 12/01/2009
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